China announced an interest rate hike, the first in nearly two years, on the evening of Oct. 19, two days before the release of CPI data for September.

The front-page report also said the upcoming Central Economic Work Conference increases the chance of a rate hike soon. China's leading politicians will likely gather this weekend to discuss next year's economic policies, according to various state media reports.

Last Friday the Political Bureau of the Communist Party of China Central Committee, the highest decision-making body in China, said the government will shift to a "prudent" monetary policy next year from a "moderately loose" policy currently.

Economists widely expect Beijing to hike rates again before the end of the year, given surging prices.

The China Securities Journal report also said CPI may have picked up in November after increasing 4.4% in October from a year earlier; the October reading was a two-year high.

Higher interest rates with amount of debt the US has now with large tax cuts on the way will have extremely negative effect on the economy when added to the constant rising price of gas at the gas pump. Gas price> + [interest on debt>] = Doom

Because China is the BUBBLE TO END ALL BUBBLES and once it pops, the collateral damage is going to be devastating everywhere.

Oic....

But China's bubble won't burst, not yet

Quoting: Anonymous Coward 1187206

Yes, it will and VERY soon. Here's why.

(Housing) Prices are 22 times disposable income in Beijing, and 18 times in Shenzen, compared to eight in Tokyo.

The US bubble peaked at 6.4 and has since dropped 4.7.

That is unsustainable. China's exports to many countries in the west have taken a very large hit since 2008. The slide will only continue. Add rate hikes to the mix and defaults spread like wildfire and property prices crash.

Because China is the BUBBLE TO END ALL BUBBLES and once it pops, the collateral damage is going to be devastating everywhere.

Oic....

But China's bubble won't burst, not yet

Yes, it will and VERY soon. Here's why.

(Housing) Prices are 22 times disposable income in Beijing, and 18 times in Shenzen, compared to eight in Tokyo.

The US bubble peaked at 6.4 and has since dropped 4.7.

That is unsustainable. China's exports to many countries in the west have taken a very large hit since 2008. The slide will only continue. Add rate hikes to the mix and defaults spread like wildfire and property prices crash.

Because China is the BUBBLE TO END ALL BUBBLES and once it pops, the collateral damage is going to be devastating everywhere.

Oic....

But China's bubble won't burst, not yet

Yes, it will and VERY soon. Here's why.

(Housing) Prices are 22 times disposable income in Beijing, and 18 times in Shenzen, compared to eight in Tokyo.

The US bubble peaked at 6.4 and has since dropped 4.7.

That is unsustainable. China's exports to many countries in the west have taken a very large hit since 2008. The slide will only continue. Add rate hikes to the mix and defaults spread like wildfire and property prices crash.

Japan Mk.2

Quoting: Anonymous Coward 1184689

But that is one difference ...

In Japan and America the bubble burst when most of those real estates stayed vacant.

In China ( and in Vietnam ) those over-priced apartments are filled with WEALTHY FOREIGNERS who are paying HIGH RENTALS.

Because China is the BUBBLE TO END ALL BUBBLES and once it pops, the collateral damage is going to be devastating everywhere.

Oic....

But China's bubble won't burst, not yet

Yes, it will and VERY soon. Here's why.

(Housing) Prices are 22 times disposable income in Beijing, and 18 times in Shenzen, compared to eight in Tokyo.

The US bubble peaked at 6.4 and has since dropped 4.7.

That is unsustainable. China's exports to many countries in the west have taken a very large hit since 2008. The slide will only continue. Add rate hikes to the mix and defaults spread like wildfire and property prices crash.

Japan Mk.2

But that is one difference ...

In Japan and America the bubble burst when most of those real estates stayed vacant.

In China ( and in Vietnam ) those over-priced apartments are filled with WEALTHY FOREIGNERS who are paying HIGH RENTALS.

Quoting: Anonymous Coward 1187206

lol

What an overly simplistic view. I can guarantee you that 99% of those dwellings in those two cities are filled with chinese nationals who expect the party to last indefinitely, completely unaware that it is now loose monetary policy feeding the continuous growth NOT external demand for chinese goods and services. Silly ex-communists who paid out well above what is sane given their incomes thinking that their economy was bulletproof. The GFC changed all that and further, inevitable rate hikes over the coming year are going to bring them crashing back down to earth.

One can only imagine how much china has overinvested in property and production in the past ten years. Given the need for communists to have their "10% growth" no matter what, the amount overinvested is going to be ridiculously huge.

No, not at all, it is just an illusion.These banking "crisis" are no more real than the tears of an actor on stage giving a performance.They are manufactured and intended.

Quoting: Anonymous Coward 1187250

Since you and everyone else is entrenched in the system whether you like it or not (unless you are posting from your self-sufficient, off-the-grid, log cabin) then what is coming WILL turn everything upside down.

The time for dishonest, idealistic views of your existence are over. If you deal in currency, you will be affected.

No, not at all, it is just an illusion.These banking "crisis" are no more real than the tears of an actor on stage giving a performance.They are manufactured and intended.

Since you and everyone else is entrenched in the system whether you like it or not (unless you are posting from your self-sufficient, off-the-grid, log cabin) then what is coming WILL turn everything upside down.

The time for dishonest, idealistic views of your existence are over. If you deal in currency, you will be affected.

Quoting: Anonymous Coward 1184689

Right, that is why we must use our intellects to develop better ways.Do you know that the "people" are the source of all credit that the banks use to generate all their fiat money?Do you really realize what that means?There is another way to fund government and all social systems.It has been there all along.There is a solution.

No, not at all, it is just an illusion.These banking "crisis" are no more real than the tears of an actor on stage giving a performance.They are manufactured and intended.

Since you and everyone else is entrenched in the system whether you like it or not (unless you are posting from your self-sufficient, off-the-grid, log cabin) then what is coming WILL turn everything upside down.

The time for dishonest, idealistic views of your existence are over. If you deal in currency, you will be affected.

Right, that is why we must use our intellects to develop better ways.Do you know that the "people" are the source of all credit that the banks use to generate all their fiat money?Do you really realize what that means?There is another way to fund government and all social systems.It has been there all along.There is a solution.

Quoting: Anonymous Coward 1187250

I have no love for central banks. All that I am saying is that we don't live in a bubble and billions of bankrupt, pissed off, malnourished people will take humanity as a whole to the edge.

Higher interest rates with amount of debt the US has now with large tax cuts on the way will have extremely negative effect on the economy when added to the constant rising price of gas at the gas pump. Gas price> + [interest on debt>] = Doom

Higher interest rates with amount of debt the US has now with large tax cuts on the way will have extremely negative effect on the economy when added to the constant rising price of gas at the gas pump. Gas price> + [interest on debt>] = Doom

Quoting: Anonymous Coward 321562

China is Raising their own rates. Not ours. Dude you are not that dense are you?